BNM fines AEON Credit RM520,000 over sanctions compliance breaches (opens original article in a new tab)

Bank Negara Malaysia fined AEON Credit RM520,000 for failing to comply with targeted financial sanctions requirements, citing inadequate staff oversight and procedural gaps.

• BNM fined AEON Credit RM520,000 for sanctions compliance breaches
• AEON Credit failed to reject a customer on the Domestic List and delayed account freezing
• BNM cited inadequate staff oversight and gaps in standard operating procedures